Bitcoin exchange reserves hit lowest level since 2018
Over $1 billion worth was moved off of centralized exchanges over the last 7 days.
Over $1 billion worth was moved off of centralized exchanges over the last 7 days.
After several years of keeping a low profile, largely in part to the FTX scandal and conviction of Sam Bankman-Fried, crypto firms are making their way back into professional sports
Customers of WazirX, the Indian cryptocurrency exchange that suffered a $234 million hack in July, are unlikely to recover their funds in full through the ongoing restructuring process, a company legal adviser said on Monday. George Gwee, a director at restructuring firm Kroll working with WazirX, said that at least 43% of the money any customer had in WazirX is unlikely to be recovered. Last week, WazirX asked a Singapore High Court for six months' protection while it restructures its liabiliti
Crypto users lost some $2 billion due to hacks, scams and exploits throughout 2023, one report said.
The technology sector (XLK) has been a main driver of markets, but can this trend continue into a period of market uncertainty (^DJI, ^IXIC, ^GSPC)? Crossmark Global Investments chief market strategist Victoria Fernandez joins Morning Brief to discuss her outlook on why she believes tech is due for a downturn. Fernandez acknowledges that tech has been a leading force in markets. However, she advises investors to trim these positions as markets enter a clear period of uncertainty and potential volatility (^VIX). She doesn't believe that tech will continue to lead throughout 2024, stating, "I think you're gonna see some broadening out in some of those other sectors," highlighting areas like financials (XLF). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Losses from bitcoin ATM scams climbed above $110 million in 2023 and already are up to more than $65 million in the first six months of this year, with people over the age of 60 particularly susceptible.
Bitcoin prices are expected to be volatile in September.
Flattish markets turned decidedly negative as U.S. stocks posted sharp losses following the three-day weekend.
(Bloomberg) -- Crypto investment firm Galois Capital Management will pay a $225,000 fine over Securities and Exchange Commission allegations that it broke rules for safeguarding client assets, including holding some of them in accounts with now bankrupt exchange FTX.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatA Guide to Urban Swimming in Europe, Beyond the SeineThe SEC said Tuesday that in addition to breaking
Despite tech volatility seen in early August, US stocks closed the month of August with gains as optimism grew around potential Fed rate cut.